In a report out last week, The Los Angeles Times reported on the top scams consumers should be watching out for. Among the top 3 scams on the horizon is commodities fraud, a growing scam that has drained millions from investors. The latest story centers ...Read the rest

As in Ponzi schemes, the money collected from newer victims of the fraud is paid to earlier victims to provide a veneer of legitimacy. In pyramid schemes, however, the victims themselves are induced to recruit further victims through the payment of recruitment commissions. More specifically, ...Read the rest